SIS ACt

Investment Strategy

AustralianSuper’s CEO enjoys 15 per cent pay rise

Ian Silk, chief executive of AustralianSuper, received a 15.44 per cent raise for the 2014/15 financial year, the greatest increase in pay of a chief executive at a large super fund. CPI for 2014/15 was 1.5 per cent meaning the raise was 10 times more than inflation. His total remuneration package was $805,372 including a […]
Policy and Regulation

Victorian tax puts fund in breach of MySuper rules

This article was written by David Galloway a lawyer and superannuation executive Trustees of MySuper Products have been handed a nasty surprise by the Victorian Government that could put most in breach of their MySuper Authorisation. Part 2 of the Duties Act 2000 (Vic) has become big news in superannuation because sections 176 to 196 […]